Suahasil Replaces Purbaya as Minister of Finance, Check His Profile
JAKARTA, DDTCNews - President Prabowo Subianto has officially appointed and inaugurated Suahasil Nazara as the Minister of Finance in the Red and White Cabinet for the remainder of the 2024–2029 term of office. Suahasil thereby succeeds the previous Minister of Finance, Purbaya Yudhi Sadewa.
After taking the oath and pledge as minister of finance, both Prabowo and Suahasil signed the official report of the inauguration of the minister of finance. This decision is based on Presidential Decree No. 97-P/2026 concerning the dismissal and appointment of the Minister of Finance of the Red and White Cabinet for the Remainder of the 2024–2029 Term of Office.
"In the name of God, I solemnly promise that I will be faithful to the 1945 Constitution, and will implement all statutory laws and regulations as uprightly as possible in devoted service to the nation and state, that in carrying out the duties of my office I will uphold the ethics of the office, working to the best of my ability with a full sense of responsibility," said Suahasil upon taking the oath of office at the State Palace, Monday (14/9/2026).
On another note, Suahasil's most recent position was Deputy Minister of Finance, a role he held for 7 years. He served as the Deputy Minister of Finance in the Indonesia Maju Cabinet from 25 October 2019 to October 2024.
Suahasil continued in his seat as Deputy Minister of Finance in the Red and White Cabinet from November 2024 to September 2026. In that role, he assisted the Minister of Finance in the formulation and implementation of national fiscal policies.
Previously, he was appointed Head of the Fiscal Policy Agency (now the Directorate General of Economic and Fiscal Strategy) on 31 October 2016.
Going further back, Suahasil's career began as a lecturer at the Faculty of Economics and Business, University of Indonesia, in 1999. In the field of economics, he attained the rank of Professor of Economics in 2009.
He was active in academia, serving as Head of the Postgraduate Programme in Economics from 2004–2005, Head of the Demographic Institute from 2005–2008 and Chair of the Department of Economics from 2009–2013.
As both an academic and a practitioner in the field of economics, Suahasil was widely involved in analysing and advocating public policies. He also served as a member of the Minister of Finance's Advisory Team on Fiscal Decentralisation from 2009–2011.
In addition, he served as Deputy Chairperson of the Supervisory Committee for the Implementation of Local Autonomy from 2009–2015, then as Policy Working Group Coordinator at the Secretariat of the National Team for the Acceleration of Poverty Reduction from 2010–2015 as well as Member of the National Economic Committee Council from 2013–2014.
Suahasil holds a distinguished educational background in economics. He obtained his Bachelor of Economics degree from the University of Indonesia in 1994.
He subsequently continued his studies and obtained a Master of Science (M.Sc.) from Cornell University, United States of America, in 1997.
Not stopping there, Suahasil further strengthened his capacity in academia and economic policy by completing a doctoral programme (Ph.D.). He was awarded a Doctor of Philosophy (Ph.D.) in economics from the University of Illinois at Urbana-Champaign in 2003. (rig)